Life Planning Partners Inc Buys New Position in Stellantis (NYSE:STLA)

Life Planning Partners Inc purchased a new stake in shares of Stellantis (NYSE:STLA) during the 4th quarter, HoldingsChannel reports. The firm purchased 6,525 shares of the company’s stock, valued at approximately $85,000.

Several other large investors have also added to or reduced their stakes in the company. Howard Bailey Securities LLC purchased a new stake in Stellantis during the 4th quarter valued at about $133,000. Strengthening Families & Communities LLC grew its stake in Stellantis by 38.3% during the 4th quarter. Strengthening Families & Communities LLC now owns 42,338 shares of the company’s stock valued at $552,000 after purchasing an additional 11,734 shares during the last quarter. swisspartners Advisors Ltd boosted its stake in shares of Stellantis by 6.1% in the fourth quarter. swisspartners Advisors Ltd now owns 660,320 shares of the company’s stock worth $8,617,000 after buying an additional 38,220 shares during the last quarter. Four Tree Island Advisory LLC purchased a new stake in shares of Stellantis in the fourth quarter worth about $2,019,000. Finally, Empowered Funds LLC boosted its stake in shares of Stellantis by 6.2% in the fourth quarter. Empowered Funds LLC now owns 46,925 shares of the company’s stock worth $612,000 after buying an additional 2,731 shares during the last quarter. Hedge funds and other institutional investors own 59.48% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Evercore ISI initiated coverage on Stellantis in a research note on Monday, November 11th. They issued an “inline” rating on the stock. Seven investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Stellantis presently has an average rating of “Hold” and a consensus price target of $27.34.

Stellantis Stock Performance

Shares of STLA stock opened at $14.04 on Friday. The company has a market capitalization of $42.43 billion, a P/E ratio of 4.23, a P/E/G ratio of 0.38 and a beta of 1.58. The business’s 50 day moving average is $13.11 and its two-hundred day moving average is $14.00. The company has a current ratio of 1.14, a quick ratio of 0.85 and a debt-to-equity ratio of 0.26. Stellantis has a 12-month low of $12.12 and a 12-month high of $29.51.

Stellantis Profile

Stellantis N.V. engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide. It provides luxury and premium vehicles; sport utility vehicles; American and European brand vehicles; and parts and services, as well as retail and dealer financing, leasing, and rental services.